Macedonia’s 11 Oktomvri-Eurokompozit gets nod for debt/equity swap

The company will settle its debt towards the government through the private placement of 218,819 new ordinary shares, the Macedonian Securities and Exchange Commission said.

The placement will be made at a price of 5.113 euro per share, equal to the nominal value of the stock.

The company's capital is currently divided into 3,489,219 ordinary shares.

11 Oktomvri-Eurokompozit is located in Prilep, in central Macedonia.

($=0.7716 euro)